Chevron Corp. and its project partners reached an agreement with the government of Kazakhstan for it to become a 10% equity owner in the Karachaganak project. The transfer of equity to the Kazakhstan government is anticipated to occur on June 30, 2012.
The Karachaganak Venture is comprised of operators BG Group (32.5%) and ENI (32.5%), as well as Chevron International Petroleum Co. (20%) and Lukoil (15%).
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